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9611867 No.9611867 [Reply] [Original]

G-guys I think I finally understand LINK's price potential even though 350m(each company would get about 50m) LINKs would be given by Sergey to companies.

If I understand correctly, you stake your LINKs so if you give out the wrong info, you'll lose them which will incentivise you to give correct info. So companies get 50m LINKs which is about $17.5m(a lot less when dumped due to low volume). Is $17.5m in total enough for the people/companies who will be requesting info from nodes as "insurance/penalty" if they get wrong info which might trigger big money contracts? For example if you have a smartcontract that will pay out $20m on certain circumstances, then you want the nodes to stake a lot of money in as well. For this LINK needs to have better volume and a bigger market cap and a good way to sell and buy LINKs. How big of a marketcap? I don't know, but probably multiple times bigger than it is now.

Ok so what is the best way to buy crypto? Coinbase, which is the best regulatory compliant crypto exchange in US and they are going to list tokens soon. LINK literally fits perfectly on Coinbase if the mainnet is up and running smoothly. I can't see a single reason why they wouldn't list LINK if they are going to list tokens.

>> No.9611931

Yes, it makes sense. We still need to wait and see however.

>> No.9612290

>>9611867
Riddle Anon here. Good thinking anon! Tokenomics. Coining a term here: Utilivative. An utilitave is a native currency of a blockchain network that in itself act as an agent to insulate its exposure to fluctuation. What do you think anons?

>> No.9612548

>>9611867
>implying countries are going to rely on some shitty meme to settle multi million dollar contracts.

>> No.9612558

>>9611867
Yes, also the tokens will not go on the market.

>> No.9612701

>>9611867

bump because non retarded thread

>> No.9612704

>>9611867
Baseless deluded assumptions

>even though 350m(each company would get about 50m) LINKs would be given by Sergey to companies
Sergey won't be giving away LINK to companies, they will be compensation to incentivize early node operators to run the network in the early stages before it matures to a level where businesses will spend millions on fees and becomes self sustainable.

Also if Chainlink is the backbone of Microsoft's Enterprise Smart Contracts and others, the end-client won't even need to use exchanges because the service providers themselves will have LINK stacks that they'll sell as packaged services for a fiat monthly fee.

>> No.9612881

>>9612704
absolute state of fud

>link is most certainly going to big companies developing tools and products with link. Swiftres, affiliate EU banks wanting additional iso20022 compliant api tools, IBM/hyperledger and Maersk +b3i will hold tokens, a new global insurance market is being created and will also utilize link and the affiliated industry helds will all own their won stack in their own nodes, salesforce, DocuSign, mmicrosoft cryplets, all provide different services to the entirety of the remaining markets and will also all hold link and run their own nodes, from this point FB, tesla, etc start to become 2nd tier behind them an endless line of f500 and f500 companies will be bidding on the few remaining tokens to run their own nodes. No delusion, all truth, some wont be able to afford it and will just use the services built with link by the f50, but some will be wiling to pay ungodly ammounts to get access to the network once it is proven. No deluded baseless assumptions, this is the reality of chainlink. Get read to have your fucking socks blown off bucko, singularity is real and it will be unlike anything that has happened ever before. plus, we got fucking meme majik. Kek wills it.

>> No.9613040

>>9611867
No I don't think the 350 million will be given out all at once.
There is no way.
I think it will be like mining bitcoin where those will flow into the circulation completely after several years.

>> No.9613062

FAT
A
T

>> No.9613107

>>9612881
hahahahaahahahahhaha had a good chuckle thanks lad

I hope you're being ironic, because only a brainwashed cult member would believe in any of this nonsense.
>pay ungodly ammounts to get access to the network
Chainlink calls will literally cost fractions of a cent and network is available for anyone to use

The number of LINK staked will probably reach a point of diminishing returns after 15-30k LINK and the best part is that pajeets can run thousands of nodes because they don't require any LINK. Even if companies wanted to run their own nodes, Sergey would never allow big entities to own significant percentage of the network of nodes. You're basically retarded for not realizing that "companies running their own nodes" meme is not Sergey's vision.

https://twitter.com/sergeynazarov/status/965781130539511809


>>9613040
Tokens will be bought either on open market or straight from team's own fund. That's why a small percentage of any fee that goes through the network will go back to the team. So they can continue to offer the tokens directly.

350m tokens that are reserved for node operators will probably take years to fully distribute and won't be sold to users of the network like these retards think.

>> No.9613152

>>9613107
Fuck off $1,000 EOY

>> No.9613163

>>9613107
yes, a lot of people misunderstand the endgame and are entirely too caught up in the details

>> No.9613216

>>9613107
I think that was a quote from Assblaster.
He also said $3 by end of May...so...

OP is actually the most retarded thing I've ever read.
If they just give 50M tokens to 5 companies how the fuck are they going to find other partnerships in the future?

>> No.9613319

>>9613216
I've read somewhere that they would give about 50m (maybe max 50m per company?)tokens each to some companies to get the adoption going.

>> No.9613365

>>9613319
I don't think the team has said anything official about the 350m except they will be used to incentivise network adoption.
How could they when they haven't confirmed those partnerships yet?

>> No.9613383

>>9612704
>>9612704
The link dedicated for node operators will almost assuredly go to big companies who control their own data sources and want to monetize their data. Sergey has a hell of a value proposal to some prime clients if smart contracts have a future in business (they do). Incentivizing those major players to play ball will establish the network as the industry standard.

So big business is going to fuck from both ends- they have a revenue stream from moneitzing their data and they have endless possibilities to optimize their business model via smart contracts. (((They))) will own this new new world and (((we))) are going to be a part of it

>> No.9613441

This post is a perfect example of why the crypto market is going to have a beautiful dump within the next couple years.

>> No.9613455

>>9613441
explain how?

>> No.9613482

>>9613441
how?

>> No.9613488

>>9613441
Agreed, your post is the perfect example.

>> No.9613492

>>9612704
I too think companies may pay for services in fiat, but nodes will be paid in Link. They can then convert or add to their staking stack to increase their opportunity for additional work.

>> No.9613522

>>9613383
>link dedicated for node operators will almost assuredly go to big companies
Do you even listen to yourself? WE are the node operators. When registering for the ICO, the form asked if you're interested in operating a node.
Sergey later confirmed that 19k people expressed the interest for running a node. All those people are node operators hence the node operator incentive fund goes to them.
I don't understand why this is so hard to wrap your head around. The information is out there straight from the team and you're literally making stuff up to fit your agenda.

>>9613492
>I too think companies may pay for services in fiat, but nodes will be paid in Link
Yes that's what I'm saying

>> No.9613529

>>9613488
Dubs don’t lie

>> No.9613585

>>9613522
I’m just saying that we are really third party node operators, the small fries who got lucky by leaping in early. The real players who use the link network as clients will be the same people contributing most to the network as nodes. You might even see lots of companies closing their APIs to third parties so they can monopolize the data

>> No.9613635

>>9613522
I could see initially to get the momentum up and running, singularity if you will, that the businesses/customers will get work completed based on a discounted credit or something. The Link still has to be of value, or the Nodes will have to stake a ton of it for it to have any impact in how effectively they operate. Not to mention they are not going to work for free. In time, no idea how long, they have to go up in value as adoption takes place on a large scale. I dont know if that makes sense or not, bit of a brainlet.

>> No.9613680
File: 89 KB, 816x362, Screen Shot 2018-05-25 at 5.04.27 PM.png [View same] [iqdb] [saucenao] [google]
9613680

Here, have some more FUD deterrent.

>> No.9613731

>>9613585
That's highly doubt that's how Sergey envisioned his network to operate. You're basically describing Ripple. They want to build a fully trustless smart contract network. Handing over a node majority to a handful of old corporate giants is the exact opposite of what they're trying to accomplish.
I suggest you go watch some Sergey's interviews and talks.

>>9613635
The value will go up as companies require more LINK to make more API calls, it's basic network effect.
Then on the other hand you'll have this growing economy attracting new operators and node operators will also want to have some LINK for reputation/collateral. Though these numbers are often overestimated because it will depend on network actually taking off (something similar to Coinbase pushing ZRX, or SWIFT in our case - SWIFT is extremely crucial for Chainlink adoption IMO)

>> No.9613776

>>9613731
Damn .. I think I am actually close to understanding how this will work. Totally agree that SWIFT is key to success of Link, but I have thought all along that they were backing the project, or at least a large portion of it, all along. They probably own those 650,000,000 tokens, or the bulk of them anyway.

>> No.9613811
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9613811

>>9613731
I think that comment in the paragraph of the attached is HUGE. I am sure you know the part I am referring to.

>> No.9613827

>>9612290
Sounds convincing so I choose to believe. Based riddle anon

>> No.9613930

>>9613522
>We are the node operators
Remember how we were the miners, now it's mainly the big guys spending millions in hardware and power?

Something like that will happen, except the big guys didn't know about Bitcoin or didn't pay attention to it while it was cheap. Here, it's no mining and no hardware costs later on, which is even better for them, just pick up all the cheap link you can. And more importantly, they'll understand it's potential sooner than it took for them to understand Bitcoin

>> No.9613945

>>9613731
I don’t really see the value of XRP. If I were a bank, I would be looking to disrupt my system as little as possible, and Adopting XRP seems to me like too much of a headache (by headache I mean risk of catastrophic system failure) to be worth whatever the benefits are (high speed/low fee cross border payments).

But I’m hoping for a future where the rich want to dominate the network. If they don’t see a reason to do so, the idea is going to be dead in the water, an interesting but failed experiment. It’s not really the utopian decentralized paradise I envision with all the little retail node operators being this vital part of the whole economy, but I don’t think that utopia is very realistic. And I hope that Sergey sees this because if he tries to empower the little guy, yay decentralized utopia fuck the banks, we’re all gonna be fucked

>> No.9613955

>>9612290
>Utilivative
kek

>> No.9613988

>>9611867
>you'll lose them which will incentivise you to give correct info.
when/if you are penalized who gets your link?

>> No.9614015

>>9611867
Chainlink is literally nothing but a big proof of concept for Sergey to shill to big companies while staying fat off the ICO. His main goal is to take the oracle problem "beyond tokenization". That means he doesn't give a shit about links price or link itself. He just wants to make the model work so he can sell it to the highest bidder.

>> No.9614038

>>9614015
Post proof

>> No.9614058

>>9614038
What is it like to be this new

https://www.reddit.com/r/LINKTrader/comments/7yk31f/taking_smart_contracts_beyond_tokenization_by/

>> No.9614084

>>9613988
Jews. Jews will get them, brainlet

>> No.9614136

>>9614015
oh shit he's right fellas

>> No.9614191

>>9614015
by taking it beyond tokenization i take it to mean that he wants to be able to mimic most of the data driven financial contracts we have today. also you are forgetting smartcontract.com the company will be taking a small % of operating costs to pay salaries to maintain the network at an extremely high quality bc sergey stated he doesnt want it to be a situation where someone else comes along and creates another oracle scheme and then everyone has to switch over which could lead to high costs where only certain wealthy enterprises could utilize the network.

>> No.9614218

>>9614191
You realize smart contract is a seperate company and coupd moon while link goes to zero, but would essentially be partnering with industry and selling the code that the ICO paid for? Your anus is going to get shredded

>> No.9614297

>>9612290
>Token need to be insulated from external fluctuations.

Call it neet tokens or lone tokens

>> No.9614348

>>9614218
Someone refute this

>> No.9614358

>>9614218
Is this good FUD or real?

>> No.9614442

>>9614358
It's true. . Link holders own nothing more than a digital asset. Smartcontracts. Com could be the next Amazon and we wouldn't see a penny. On the other hand Sergey doesn't strike as someone that would pull shady stuff like that specially when he seems to want as many node operators as possible and didn't make a minimum requirement amount to run a node

>> No.9614506

>>9614218
Weak FUD.

>> No.9614529

>>9614442
LINK is critical to the success of smart contract.com. If LINK goes to zero it’s because there is no demand for their product which relies on the coin. Come on faggots all the good FUD is gone.

>> No.9614582

>>9614529
Smart contract has been running functional contracts for a long time, used by big business. You're wrong. Link is simply a research project that can easily be privatized. Sergey doesn't need nor want a bunch of autist fags to run nodes for his project to be successful.

>> No.9614621

>>9614442
Multiple triple blind studies conducted by the FAA have shown that corn syrup during the zygot cycle of a tadpoles life causes it to exhibit homosexual behavior.

>> No.9614664

>>9614218
>>9614348
smartcontract.com can only be paid salaries if they have a code that needs to be continually updated and maintained at an extremely high quality. based on the transitive property smartcontract.com the company will only moon if ChainLink network expands.

>> No.9614682

>>9614582
Oh yay they can always be consultants. That’s a nice consolation after they spend so much time and energy on this one product. This isn’t a pet project. This is wear all of their focus is. Kys.

>> No.9614692

>>9614682
*Where. Fuck me there goes my whole post guess I should off myself too.

>> No.9614755

>>9614015
>>9614218
>>9614442
>Trying this hard to fud
The company owns 30% of the LINK tokens.
If LINK falls to 0 then the company is worth 0.
If LINK succeeds the company can be worth multi-billion dollars.
Just like the companies that did an IPO.
Please fuck off with your braindead fud.

>> No.9614822

>>9614664
Ok understandable....... my question is...... what kind of money in salaries are they potentially looking at???

Is the smart contract team a literal team of dozens or hundreds of employees? Or is the team just the few guys who are doing all the work now.

im really confused here because shouldn't the small team working their ass to be revolutionizing the world be walking away from this with millions and millions? And not continuously running a network with a token price of 2$ making a measly 500k in salaries?

I'm probably way off on my question or don't understand what or how many people it takes to run the network.

Be nice :)